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  1. Anna J. Phelps

    What is the currency market in forex?

    The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current...
  2. Anna J. Phelps

    What is the global currency market?

    The international currency market is a market in which participants from around the world buy and sell different currencies. Participants include banks, corporations, central banks, investment management firms, hedge funds, retail forex brokers, and investors.
  3. Anna J. Phelps

    What is the meaning of forex trading?

    The foreign exchange market, commonly referred to as the Forex or FX, is the global marketplace for the trading of one nation's currency for another. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day.
  4. Anna J. Phelps

    What is Forex Trading? Forex or foreign exchange market refers to the global currency trading market. ..

    foreign exchange market (forex, or FX, market), institution for the exchange of one country's currency with that of another country. Foreign exchange markets are actually made up of many different markets, because the trade between individual currencies—say, the euro and the U.S. dollar—each...
  5. Anna J. Phelps

    What are the major misuses and abuses of cryptocurrencies?

    with two of my coauthors, we are preparing a paper on P2P solutions to misuses and abuses of cryptocurrencies. I am wondering if you are aware of any model or paradigm? Best
  6. Anna J. Phelps

    Which is more profitable forex or Bitcoin?

    Learn how to trade stock for beginners: Read books. Follow a mentor. Take online courses. Get expert advice. Analyse the market. Open a demat and trading account.
  7. Anna J. Phelps

    Which is more profitable forex or Bitcoin?

    Both can be good ways to earn money, but neither of them is necessarily more profitable than the other. It all depends on how you conduct your forex trading or cryptocurrency trading. No matter which of them you choose (or even if you choose both), the most important thing that you have to do is...
  8. Anna J. Phelps

    How do I start forex trading?

    Forex trading steps Decide how you'd like to trade forex. Learn how the forex market works. Open an account. Build a trading plan. Choose your forex trading platform. Open, monitor and close your first position.
  9. Anna J. Phelps

    Is it Haram to trade forex?

    As long as the forex trading does not involve interest then the trade is halal. In addition, as traders are operating in a global marketplace with sufficient certainty this means that the element of risk is reduced. There is always considered to be an underlying asset in forex trading.
  10. Anna J. Phelps

    Is forex good for beginners?

    Forex trading can be complex and may not be suitable for everyone. Whether forex is good for you will depend on your financial condition, your goals, and how much investing experience you already have as a beginner. Overall, beginners must exercise caution, especially as the majority of forex...
  11. Anna J. Phelps

    Can you get rich trading forex?

    Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury
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